hello, bill. reporter: hey, mike. good afternoon to you. yeah, the latest information we re hearing is at least eight people dead after two of these suspected human smuggling boats capsized off the coast of san diego. and this just highlights the fact that we ve got more death at our southern border now. any way you slice slice it whether it s people crowning in the river, dying of dehydration out in the desert, boats sinking in the florida keys or off the california coast, it goes to show you the risk a lot of these migrants take as they try to get here to the united states. fiscal year 2022, more than 800 my granter deaths migrant deaths at our southern border, the all-time record. and it goes to show these human smugglers don t care if people get their alive or kid. they get paid either way. we saw that firsthand in san antonio last summer when that horrific incident happened with the trailer of 53 migrants dead, baked to death in the heat, essentially, outside the cit
it be? billionaire if investor bill ackman tweeted last night, sillen con valley bank customers will get around 50% monday/tuesday, and the balance realized over the next 3-6 months. if this proves true, i d expect bank runs monday morning. no company will take even a tiny chance of losing a dollar of deposits as there s no reward for this risk. after the systemwide fdic system deposit guarantee, more bank runs begin monday a.m. a whole lot of officials including treasury secretary janet yellen are trying to calm fear today. she points out it s highly unlikely, take a listen. the american banking system is really safe and well capitalized. it s resilient. we want to make sure that the troubles that that exist at one bank don t create contagion to others that are sound. svb s one of the top 20 commercial banks in the country with over $200 billion in assets. current customers include shopify, etsy, fitbit, roku and ziprecruiter. here s house speaker ken mccarthy on sunday
mike: meantime official say eight people are dead and several others missing after two suspected smuggling boats capsized off the coast of san diego bill melugin is live with all the latest developments from our southern border including the search for three missing women who disappeared after crossing into mexico more than two weeks ago for acting dhs secretary chad wolfe is also standing by with his reaction let s go to bill melugin live in mission texas with the very latest from the border on all three major stories. afternoon we are tracking breaking news out of el paso, texas a developing situation where multiple sources tell us a massive group of a thousand migrants have rush the border there and tried to get into united states via the port of entry, take a look at the video into fox news given exclusively by a contact on the ground who is with the migrants as they rush the border on the mexican side and ran onto el paso day norte bridge in el paso and started running
Department is working fast to address the situation but is ruling out a bailout. the second largest bank collapse in u.s. history is sparking alarm about reverberations amid rising interest rates. we want to make sure that the troubles that exist at one bank don t create contagion to others. reporter: the bank s failure is already affecting the businesses it financed, including roblox, etsy, and roku. the fdic seized control of the bank on friday. today, lawmakers on both sides are pointing fingers but are hopeful for a swift resolution, leaving the door open for a possible acquisition of the failed bank. it is attractive for someone to want to purchase it. it s just a timeline to want to move forward. and the administration has tools to deal with this. the principle needs to be that all depositors will be protected and have full access to their accounts monday
mr. biden also promising to hold the banks fully accountable. here in america, hsbc has announced buying the treasury bank. and janet yell assured americans they will make sure this doesn t happen to another bank. we want to make sure that the shortfalls that exist in one bank don t create contagion to others that are sound. and the goal always of supervision and regulation is to make sure that contagion can t can t occur. now, just hours after secretary yellen s comments authorities shut down another regional institution, signature bank, fearing that it was on the brink of collapse. secretary yellen said that washington will not bear out the silicon valley bank.